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Personal Loans


To fit your personal needs, we have loans with low rates, flexible terms, and a hassle-free loan process to make borrowing easier and more affordable. Consider refinancing your higher interest loans to help you save money and reduce your monthly payments.




Personal Loans

Signature Loans and Lines of Credit

Based on your creditworthiness, a signature loan can provide a specific dollar amount for a set period of time to be used for any reason, and requires no collateral, just your signature! Another option is to establish a revolving line of credit that you can draw on as you need it, up to your approved limit. This line of credit can also be set up as overdraft protection for your Dover Federal Checking Account.

Loan

APR (As low as*)

Signature 7.50%
Back-to-School Loan $0.01 - $2,500, up to 24 months - 4.99% APR†
Back-to-School Loan $2,501 - $5,000, 25 to 48 months - 5.99% APR†


*APR is Annual Percentage Rate. The Annual Percentage Rate is the advertised rate and can vary based on creditworthiness and terms of the loan. Rate is subject to change. This offer may not be combined with any other offer. The stated rate for the Personal Loan is discounted which includes: a requirement of automatic loan payment transfers, direct deposit of net pay and a checking account for .50% discount and requires Debt Protection Life and Disability for .25% discount for a total discount of .75%. For example, a loan with a 24-month term with a fixed rate of 7.5% APR will result in an estimated payment of $45.00 per $1,000.

Refinancing of existing Dover Federal Loans may not be available.

†Offer valid for limited time only and loan is subject to credit approval. APR is Annual Percentage Rate. The Annual Percentage Rate is the advertised rate and can vary based on creditworthiness and terms of the loan. Rate is subject to change. This offer may not be combined with any other offer. The payment is based on a rate of 4.99% APR. For example, a loan with a 24 month term with a rate of 4.99% APR will result in an estimated payment of $43.88 per $1,000 financed. Refinancing of existing Dover Federal Loans may not be available. One loan per individual. No further discounts eligible. Maximum $2,500 financed up to 24 months as low as 4.99% APR. More than $2,500 and up to $5,000 financed 25-48 months as low as 5.99% APR. Loans must be funded by 9/5/2014 for rate eligibility. See Credit Union for details.

Share Secured Loans

Use the funds you have on deposit at Dover Federal as collateral for a secured loan. This type of loan is ideal for members who want to establish or re-establish their credit. You will pay an affordable rate while you continue to earn interest on your savings or investment account.

Loan

APR (As low as*)

Share Secured 3.10%**


*APR is Annual Percentage Rate. The Annual Percentage Rate is the advertised rate and can vary based on creditworthiness and terms of the loan. Rate is subject to change. This offer may not be combined with any other offer. The stated rate for the Personal Loan is discounted which includes: a requirement of automatic loan payment transfers, direct deposit of net pay and a checking account for .50% discount and requires Debt Protection Life and Disability for .25% discount for a total discount of .75%. For example, a loan with a 24-month term with a fixed rate of 7.5% APR will result in an estimated payment of $45.00 per $1,000. **APR is over current share rate. See Credit Union for details.

Refinancing of existing Dover Federal Loans may not be available.

Apply Now

Online Loan Application

To apply for a loan online, click here.


Loan-By-Phone

In order to make it even more convenient for you to apply for a loan, Dover Federal has a "Loan-By-Phone" service dedicated exclusively to serving our Credit Union members.

You can apply for a loan from Dover Federal simply by calling our toll free number 800-589-5309.

When you call, a friendly Loan Counselor will review the loan services and rates currently available. When you are ready to apply, the Loan Counselor will be happy to take your information over the telephone.

Now you can obtain information about a credit union loan during and after our normal business hours. With "Loan-By-Phone," you can apply for a loan when it's convenient for you, even during evening and weekend hours.

Feel free to call from home, work, or from the car dealership. Whenever you are ready to apply for a loan, we can help. You can apply for just about any loan, including vehicle loans, personal loans, home improvement loans, or a VISA® Credit Card.

When you call, a Loan Counselor will ask you a few simple questions regarding your loan request. You will be promptly contacted by the credit union with a reply the next business day.


Resource Center

Convenient Payment

Dover Federal offers several easy-to-use payment methods:

  • Through automatic deduction from your Dover Federal Checking Account

  • By mail

  • Through our automated teller, Maxine, 302-678-8024 or 800-818-3328.

  • Through the My Account online banking system

  • In person at any Dover Federal branch office

  • Through Payroll Deduction, which allows you the ease and convenience of setting aside a certain amount each pay period to be deposited to the account(s) of your choice at Dover Federal


To enroll in Payroll Deduction, provide the following information to your employer:

  • DFCU Routing/Transit Number 231176648

  • Member Number from your membership card

  • Select either your savings or checking account for the deposit


Debt Protection

Sometimes taking out a loan can be a financial gamble.

Help play it safe!

Thinking about taking out a loan to make home improvements or buy a vehicle? It can be a financial gamble because life happens. You're betting you can pay back your loan and you won't lose your job (due to no fault of your own), or become disabled (due to injury or illness), or pass away-leaving your family responsible for your loan balance.

MEMBER'S CHOICE™ Borrower Security* is a voluntary loan-payment protection product that helps preserve your family's standard of living and gives you relief from financial burdens if a protected life event such as disability, loss of life, or involuntary employment happens to you.

Call a Member Services Representative at 302-678-8000 or 888-818-3328 and ask about protecting your loans today, or click here for more information.

*Your purchase of MEMBER'S CHOICE™ Borrower Security is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of MEMBER'S CHOICE™ Borrower Security.



Loan Payment Calculator

Please see our Financial Calculators for useful budgeting and planning tools.


Dover Federal Credit Union • All rights reserved 2013
Dover Federal Credit Union is an Equal Opportunity-Affirmative
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